We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · EX14 9QP
For saleReduced £20k (−2.5%) on 18 SepListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful residential/equestrian holding comprising of a recently extended detached 3 bed barn conversion together with equestrian facilities to include stables, outdoor arena and adjoining pasture.
In all about 4.36 acres. The current vendor has made some significant improvements to this wonderful home whilst in situ.
These include a large rear extension, full re-decoration, a new boiler, removal of a secondary staircase enabling enlargement of bedroom 2, increasing the door height to bedroom 2, pipework installed ready for two en-suites, new fencing around the whole plot, new land drainage system, new drainage from the yard, a new culvert, a new driveway to the rear access ideal for heavier vehicles such as horse boxes.
The Wagon House is an exceptional residential and equestrian property, centred around a charming detached three-bedroom stone barn conversion, enjoying a delightful yet highly accessible setting in the heart of East Devon.
Forming part of an exclusive development of just five properties at Hayne Farm, the property offers beautifully presented accommodation alongside excellent equestrian facilities, all conveniently arranged around the dwelling.
The highly desirable combination of a character home, level grazing land, stables and a riding arena is sure to appeal to equestrian enthusiasts, smallholders and those seeking a rural lifestyle without compromising on accessibility.
Extending to approximately 4.36 acres when offered as a whole, The Wagon House presents a rare opportunity to acquire a well-balanced residential and equestrian holding in a sought-after East Devon location.
For room dimensions, please refer to the attached floor plan. Agents Note: There is a covenant on the property restricting its use for business.
The property occupies an accessible rural position approximately 1 mile to the south of the Hamlet of Rawridge.
The larger village of Upottery lies approximately 2 miles to the north and affords a thriving local community to include a Public House, Village Hall, Church and Primary School.
Honiton provides a good range of everyday shopping, banking, recreational and educational services, including primary and secondary schooling and is situated approximately 3.5 miles to the south west.
The larger centres of Exeter and Taunton afford an extensive range of commercial, educational and recreational facilities befitting those of important regional and administrative centres, together with a wide range of primary, secondary and further education facilities.
Whilst occupying a rural situation, the property enjoys easy access to the surrounding districts and further afield with the A30 being readily available.
Access to the M5 motorway is available at Exeter (J29) and Cullompton (J28) together with rail links to London from Honiton.
The property is approached via a generous driveway and enjoys attractive gardens extending to the south and west of the dwelling.
Predominantly laid to level lawn and interspersed with established shrub and flower borders, the gardens provide a delightful setting in which to relax and enjoy the surrounding countryside.
A raised decked seating area offers an ideal vantage point for outdoor dining and entertaining, whilst making the most of the property's pleasant outlook.
To the front of the house, extensive parking and turning space is available, leading in turn to an impressive L-shaped range of timber outbuildings and equestrian facilities.
These comprise four well-proportioned loose boxes, including a dedicated foaling box, together with a secure lockable tack room, garage and workshop.
Arranged around a substantial concrete yard, the buildings provide excellent functionality for the equestrian enthusiast whilst offering versatility for a range of additional uses.
Situated immediately to the west of the dwelling and adjoining the stable yard, the land can be accessed directly from the principal driveway or alternatively via a right of way.
The equestrian facilities are complemented by a well-maintained riding arena, extending to approximately 44m x 28m and benefiting from a quality sand, fibre and rubber surface.
Enclosed by post-and-rail fencing, the arena provides an excellent all-weather space for schooling and exercising horses throughout the year.
Beyond the arena lie the property's pasture paddocks, which are predominantly level, highly usable and laid to traditional permanent pasture.
Bounded by mature hedgerows that provide both shelter and privacy, the land has been thoughtfully divided into a number of manageable enclosures, allowing for flexible grazing arrangements and ease of livestock management.
Together, the land, stabling and arena combine to create an outstanding smallholding or equestrian property, ideally suited to those seeking a well-equipped rural home with extensive facilities and beautifully presented grounds.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About The Wagon House,, Rawridge, Devon
Explore nearby